I'm calling it now. Within 20 years the AUD will be worth precisely zero. Physical dollars won't even be worth anything as toilet paper since it is made of that plastic material. Why? The world is moving on. Technological, engineering and energy advances will make Australian resource exports worthless as mineral extraction from currently unviable sources will become incredibly cheap. Advances in agriculture and food production will enable food to be grown close to the point of consumption. Realestate will collapse as extreme advances in off-grid technologies will enable radical decentralisation of the populace. Of course we will likely be using something else in place of the AUD. But it may bear no resemblance to what we know today.
Always surprised that pretty much everyone I meet has everything in AUD - AUD shares, property, cash and nothing else.
A question is, what do we have today that will be more valuable in the future? Possibly: artwork, historical artifacts with verifiable and well-documented providence, vast tracts of rural land in certain temperate locations, things than can't be easily copied, etc.
Wrong, ......... when London is frozen over for 9 months of the year, and San Francisco and Los Angeles breaks off into the ocean, Jennifer Anniston and all her millions is going to want to be somewhere that is safe, as in an island, relatively unpolluted, under populated and welcoming. That's here mate !
If all those things come to pass, the main occupation and pass-time will be the entertainment industry. Making and consuming entertainment will be all that is left for us to do once the machines have taken care of food production and the computers are running all the boring stuff. It will be like the last days of the Roman Empire. Australia will make a great location for filming, hunting, relaxation, holidaying and all the other things people will have nothing but time to do. Of course it will not be all good. Australians will have to fit the image of Australians that people from abroad have, or at least the image we would like them to have. The uniform will be board shorts for the guys and bikinis for the girls, and thongs of course. Mandatory for guys to carry around surfboards all the time, particularly in areas where tourists gather, for example airports. You will all have to smile a lot, but if you are unattractive you will lose your job and have to be kept out of sight, probably cleaning hotel rooms or something where you can't upset the tourists. There will be animatronic koalas (the real ones are too hard to spot at the top of the trees and will probably be dead anyway) but with really big anime eyes to make them even cuter, and they will talk, just like the real ones would if they weren't so lame. I am not looking forward to it, I have a feeling that I will be cleaning hotel rooms.
Within 20 years the AUD will be worth precisely zero. Most of the forum members will be dead by then, so who gives a toot?
Hahaha... I'm not sure if you're saying the forum is populated by cranky old codgers or if we're all going to die in some apocolypse before then :lol: Or maybe you know something about the timeframe for the alien management takeover of the planet and we'll all be shipped off as convicts to the offworld colonies.
Honestly, future Aussies will probably be too chubby to provide a scenic backdrop and be seen walking around in thongs and budgie smugglers. Animatronic Aussies will be used instead since I'm am quite sure there will be rapid advances in lifelike robotic companions. We may all settle down to a quiet life of making home brew whiskey, drinking it from self-made pottery, and entertaining our friends with acoustic live music while we reminisce about the good old days and bitch about the younger generations.
I thought the plan was to have you dipped in copper so your image could cast its gaze upon future generations for all eternity?
Well, if it was silve or gold then people might be tempted to knock off any small bits that stick out.
Well if it ends like Saddam's statue, I don't think it really matters what it's made out of. :lol: :lol: :lol:
Reversion to long-term mean seems slightly more probable. Since economies are dynamic, not static, the precise value of this 'long-term average' cannot be precisely elucidated except in a historical 'backward-looking' sense.
The Reserve Bank of Australia has been working on creating new, "youthful"-looking bank notes for the past five years, it's been reported. http://www.news.com.au/finance/mone...n-youthful-image/story-e6frfmd9-1226482261212
